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Wednesday, February 28, 2024

Meet the brothers who are taking security hologram leader Holostik India to the next level

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This article is about how Holostik India grew into a prominent leader in the security hologram sector. The company was founded by their father and is currently being run by Ankit Gupta and his brother, Shobhit Kumar Gupta.

Ankit Gupta’s father moved to Delhi from the Uttar Pradesh hamlet of Dhanpur in 1976 and began producing and selling plastic bags for a career. Eventually, he ventured into other fields and founded Holostik India Ltd, a firm that manufactures security holograms. Currently, his sons Ankit Gupta and Shobhit Kumar Gupta have grown their father’s firm into aRs 400 crore revenue conglomerate with investments in real estate, aromatics, and packaging.

They employ around 550 people across 14 offices in India, including company headquarters in Noida and a branch in Dubai.

Ankit, 41, proudly tells how his father, Umendra Kumar Gupta, worked tirelessly to establish the firm, from selling plastic bags to launching new businesses. Afterwards he established a steel warehousing company.

Using his savings and bank loans, he founded Holostik India Limited in 1991. Holostik’s revenue was about Rs 40 crore when Ankit joined the company in 2007. Shobit, his younger brother, joined him two years later. Under their leadership, the firm has grown tenfold.

Both MBA grads implemented their knowledge in the firm.

Ankit earned his MBA at the UCLA Anderson School of Management in Los Angeles, while Shobit graduated from the University of Ontario’s Richard Ivey Business School. He subsequently worked for six months in the family company before enrolling in the MBA programme (2005-07) at UCLA Anderson School of Management.

Ankit created a couple additional enterprises while aiding his father. He received his B Tech in Computer Science from Delhi College of Engineering and worked for two years as a Business Analyst at a Gurugram-based firm before enrolling in Richard Ivey Management School, University of Ontario, Canada, to pursue his MBA.

Shobhit saw the enormous potential of the counterfeiting solution export industry. He concentrated on the international market and began bidding on worldwide tenders.

In addition to holograms, they produced holographic induction liners, which were utilised as seals in the pharmaceutical, lubricant, and chemical industries.

Now, the organisation has a global presence in 90 countries and collaborates with over 3000 companies. The brothers have completely altered the firm. They’ve also made a foray into real estate with their ‘Think Next Village’ programme, which focuses on constructing sustainable student housing in Greater Noida.

NaturTrust is a biodegradable packaging firm that uses starch, while CamVeda, another venture, manufactures camphor products that the company claims are devoid of hazardous pollutants and adulterants.

The Gupta siblings lost their father in 2021, and more responsibility was placed on their shoulders.

Ankit’s wife, Neha Gupta, worked for HDFC Bank and was also a journalist. Mansi, Shobhit’s wife, is a marketing executive who just joined CamVeda as Chief Marketing Officer. Aaryaveer and Nitara Gupta, the couple’s 5-year-old twins, are the couple’s only children.

Newsdesk

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